Federal Register: February 5, 2007 (Volume 72, Number 23)
DOCID: fr05fe07-79 FR Doc E7-1815
DEPARTMENT OF THE TREASURY
Internal Revenue Service
DOCUMENT ACTION: Notice and request for comments.
Proposed Collection; Comment Request for Form 720-CS
DATES: Written comments should be received on or before April 6, 2007 to be assured of consideration.
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 10413 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 720CS, Carrier Summary Report.
Agency information collection activities; proposals, submissions, and approvals,
Title: Carrier Summary Report.
OMB Number: 15451733.
Form Number: 720CS.
Abstract: Representatives of the motor fuel industry, state governments, and the Federal government are working to ensure compliance with excise taxes on motor fuels. This joint effort has resulted in a system to track the movement of all products to and from terminals. Form 720CS is an information return that will be used by carriers to report their monthly deliveries and receipts of products to and from terminals.
Current Actions: There is a net increase of 7 line items to the form and schedules.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents: 39,900.
Estimated Time per Respondent: 5 hours, 15 minutes.
Estimated Total Annual Burden Hours: 209,418.
The following paragraph applies to all of the collections of information covered by this notice:
An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information.
Approved: January 26, 2007.
IRS Reports Clearance Officer.
[FR Doc. E71815 Filed 2207; 8:45 am]
BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT
Requests for additional information or copies of the form and instructions should be directed to Allan Hopkins at (202) 6226665, or at Internal Revenue Service, room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet at Allan.M.Hopkins@irs.gov.